In February, consumer prices added 0.1% over the previous month, which came in below the 0.8% increase observed in January. The subdued reading reflected how higher prices for food as well as for alcoholic beverages and tobacco were partially offset by lower prices for clothing and footwear. As a result of the more moderate increase in February, annual inflation fell from 3.6% in January to 3.4%, which represents the lowest level since December 2010. Meanwhile, HICP inflation (based on the harmonized index of consumer prices) inched down from 3.4% in January to 3.3% in February. In its January Macroeconomic Developments report, the Central Bank expects HICP inflation to average 2.4% this year, which is slightly down from its previous 2.8% estimate.
Inflation falls to lowest level in over a year
March 8, 2012
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Latvia Economic News
October 10, 2016
In September, consumer prices increased 0.4% from the previous month, which contrasted August’s 0.6% decrease.
October 4, 2016
Industrial production in Latvia contracted 0.6% year-on-year in August, which contrasted the 2.6% increase in July.
September 8, 2016
In August, consumer prices fell 0.6% over the previous month and came in below July’s 0.3% decrease.
September 5, 2016
Industrial production in Latvia grew 2.7% year-on-year in July, which was down from 7.9% increase in June.
August 31, 2016
In the second quarter, Latvia’s economy increased 2.1% year-on-year, according to a revised set of data released by the Statistical Institute on 31 August.